Netflix shares rose 12.5%

The shares of the streaming service Netflix today showed an impressive growth in post-trading, having risen by 12.5%. This growth was caused by the publication of the company's financial statements and the announcement of an increase in prices for some tariff plans.

According to the reports, Netflix's net profit for nine months increased by 1%, reaching $4.47 billion. Diluted earnings per share also increased to $9.9 from $9.83 in the previous year. The company's revenue for the three quarters increased by 5%, amounting to $24.89 billion.

In the third quarter, net profit increased by 20% compared to the previous year, reaching $1.677 billion. Diluted net income per share was $3.73, which is higher than the market forecast. Netflix's revenue for the reporting period increased by 7.8% to $8.542 billion.

A particularly important point is the growth in the number of subscribers, which increased by 10.8% compared to the previous year, reaching 247.15 million. This growth has significantly accelerated compared to previous indicators.

Netflix also announced price increases for some data plans in the US, UK and France. This step may contribute to additional revenue growth of the company.